landofcash
landofcash.net representative
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Hi,
I want to introduce a new <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">trailing stop</a>
</span> loss method. It is available for both LOCTrailing expert advisor and LOCTrailing with Partial Close expert advisor. Also it will be available for LOCTrader expert advisor soon.
The method is called Percent trailing. It is not based on indicators and very straightforward.
You will set the percent % of the order profit to lock. For example you want to lock 30% of the profit. This means when you get 20 pips of profit LOCTrailing will place the <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>
</span> at 30% -- 6 pips and will continue to trail the <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>
</span> when the price continue to move in your favor. The SL will always lock 30% of the order.
Example:
+6 pips at +20 pips
+9 pips at +30 pips
+12 pips at +40 pips
And so on.
This method also allows you to setup the minimum profit to lock. For example you can set 30% and start at 10 pips. With these settings <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=EA" onmouseover="return overlib('Short for Expert Advisor. This is an automated forex trading program for MetaTrader 4. Also referred to as a forex robot or autopilot trading system [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=EA" onmouseover="return overlib('Short for Expert Advisor. This is an automated forex trading program for MetaTrader 4. Also referred to as a forex robot or autopilot trading system [...]');" onmouseout="return nd();">EA</a>
</span> will start <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">trailing stop</a>
</span> when order profit is +33pips setting the SL at +10 pips (30%)
A video demonstration is available here:
[video=youtube_share;Mu5Vy8PVrEA]http://youtu.be/Mu5Vy8PVrEA[/video]
More info about LOCTrailing with partial close expert advisor:
http://www.landofcash.net/ForexExpertAdvisor-LOCTrailingWithPartialClose.aspx
More info about LOCTrailing expert advisor is here:
http://www.landofcash.net/ForexExpertAdvisor-LOCTrailing.aspx
I want to introduce a new <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">trailing stop</a>
</span> loss method. It is available for both LOCTrailing expert advisor and LOCTrailing with Partial Close expert advisor. Also it will be available for LOCTrader expert advisor soon.
The method is called Percent trailing. It is not based on indicators and very straightforward.
You will set the percent % of the order profit to lock. For example you want to lock 30% of the profit. This means when you get 20 pips of profit LOCTrailing will place the <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>
</span> at 30% -- 6 pips and will continue to trail the <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>
</span> when the price continue to move in your favor. The SL will always lock 30% of the order.
Example:
+6 pips at +20 pips
+9 pips at +30 pips
+12 pips at +40 pips
And so on.
This method also allows you to setup the minimum profit to lock. For example you can set 30% and start at 10 pips. With these settings <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=EA" onmouseover="return overlib('Short for Expert Advisor. This is an automated forex trading program for MetaTrader 4. Also referred to as a forex robot or autopilot trading system [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=EA" onmouseover="return overlib('Short for Expert Advisor. This is an automated forex trading program for MetaTrader 4. Also referred to as a forex robot or autopilot trading system [...]');" onmouseout="return nd();">EA</a>
</span> will start <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=trailing+stop" onmouseover="return overlib('A special form of stop loss. Exactly how this works varies some between trading platforms. For MT4, setting a trailing stop means that if a trade move [...]');" onmouseout="return nd();">trailing stop</a>
</span> when order profit is +33pips setting the SL at +10 pips (30%)
A video demonstration is available here:
[video=youtube_share;Mu5Vy8PVrEA]http://youtu.be/Mu5Vy8PVrEA[/video]
More info about LOCTrailing with partial close expert advisor:
http://www.landofcash.net/ForexExpertAdvisor-LOCTrailingWithPartialClose.aspx
More info about LOCTrailing expert advisor is here:
http://www.landofcash.net/ForexExpertAdvisor-LOCTrailing.aspx
